Iran: Sugar Crop Market 2024

Sugar Crop Market Size in Iran

In 2022, the Iranian sugar crop market was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. Over the period under review, consumption continues to indicate a pronounced reduction. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Sugar Crop Production in Iran

In value terms, sugar crop production contracted modestly to $X in 2022 estimated in export price. Overall, production saw a deep downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Sugar crop production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

In 2022, the average sugar crop yield in Iran dropped slightly to X tons per ha, approximately reflecting 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2018 to 2022, the growth of the average sugar crop yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of sugar crops in Iran totaled X ha, remaining relatively unchanged against the year before. In general, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X%. The sugar crop harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area stood at a somewhat lower figure.

Sugar Crop Exports

Exports from Iran

In 2022, after two years of decline, there was significant growth in overseas shipments of sugar crops, when their volume increased by X% to X tons. Overall, exports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, sugar crop exports soared to $X in 2022. Over the period under review, exports, however, faced a sharp setback. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Qatar (X tons) was the main destination for sugar crop exports from Iran, accounting for a X% share of total exports. It was followed by Iraq (X tons), with a X% share of total exports. Kuwait (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Qatar totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and Kuwait (X% per year).

In value terms, Qatar ($X) remains the key foreign market for sugar crops exports from Iran, comprising X% of total exports. The second position in the ranking was held by Iraq ($X), with a X% share of total exports. It was followed by Kuwait, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and Kuwait (X% per year).

Export Prices by Country

The average sugar crop export price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2015 an increase of X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced a decline.

Sugar Crop Imports

Imports into Iran

In 2022, the amount of sugar crops imported into Iran expanded remarkably to X tons, with an increase of X% against 2021. Overall, imports, however, continue to indicate a dramatic slump. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sugar crop imports reached $X in 2022. Over the period under review, imports, however, continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest sugar crop supplier to Iran, accounting for a X% share of total imports. Moreover, sugar crop imports from Turkey exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Azerbaijan (X% per year).

In value terms, the largest sugar crop suppliers to Iran were Turkey ($X), Azerbaijan ($X) and the United Arab Emirates ($X).

The United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average sugar crop import price stood at $X per ton in 2022, flattening at the previous year. Overall, the import price, however, showed a deep downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Azerbaijan ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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